Wave Power Technology Income Statement

Financials in millions TWD. Fiscal year is January - December.

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	850.77	413.77	411.45	437.19	362.19
Revenue Growth (YoY)	105.62%	0.56%	-5.89%	20.71%	29.18%
Cost of Revenue	589.27	227.01	210.14	207.16	174.4
Gross Profit	261.5	186.76	201.3	230.03	187.79
Selling, General & Admin	60.74	49.19	56.17	46.57	39.44
Research & Development	59.78	42.97	45.03	41.65	36.55
Operating Expenses	120.58	92.17	101.16	88.24	76
Operating Income	140.92	94.59	100.14	141.79	111.79
Interest Expense	-1.23	-0.59	-0.41	-0.16	-0.07
Interest & Investment Income	4.59	6.38	2.47	0.47	0.18
Earnings From Equity Investments	0.24	3.26	-	-	-
Currency Exchange Gain (Loss)	4.38	1.85	0.02	0.53	0.46
Other Non Operating Income (Expenses)	-0.33	0.22	2.95	0.02	-
EBT Excluding Unusual Items	148.58	105.71	105.17	142.64	112.35
Other Unusual Items	-	-	0.04	-	0
Pretax Income	148.58	105.71	105.21	142.64	112.36
Income Tax Expense	25.38	18.9	18.44	28.88	21.98
Net Income	123.2	86.81	86.77	113.76	90.38
Net Income to Common	123.2	86.81	86.77	113.76	90.38
Net Income Growth	41.92%	0.04%	-23.73%	25.87%	42.22%
Shares Outstanding (Basic)	34	34	32	31	31
Shares Outstanding (Diluted)	34	34	32	31	32
Shares Change (YoY)	0.10%	6.03%	3.21%	-1.17%	43.05%
EPS (Basic)	3.61	2.55	2.70	3.67	2.92
EPS (Diluted)	3.60	2.54	2.69	3.64	2.86
EPS Growth	41.73%	-5.58%	-26.10%	27.27%	-0.69%
Free Cash Flow	-103.86	4.75	140.47	2.65	44.68
Free Cash Flow Per Share	-3.04	0.14	4.36	0.09	1.41
Dividend Per Share	2.900	2.300	2.200	3.450	2.500
Dividend Growth	26.09%	4.54%	-36.23%	38.00%	38.89%
Gross Margin	30.74%	45.14%	48.93%	52.62%	51.85%
Operating Margin	16.56%	22.86%	24.34%	32.43%	30.86%
Profit Margin	14.48%	20.98%	21.09%	26.02%	24.95%
Free Cash Flow Margin	-12.21%	1.15%	34.14%	0.61%	12.34%
EBITDA	169.75	113.64	118.1	158.09	128.92
EBITDA Margin	19.95%	27.46%	28.70%	36.16%	35.59%
D&A For EBITDA	28.83	19.04	17.96	16.3	17.13
EBIT	140.92	94.59	100.14	141.79	111.79
EBIT Margin	16.56%	22.86%	24.34%	32.43%	30.86%
Effective Tax Rate	17.08%	17.88%	17.53%	20.24%	19.56%
Advertising Expenses	-	-	-	-	6.17

Source: S&P Global Market Intelligence. Standard template. Financial Sources.